As the world watches an oil price war unfold between Russia, OPEC, and US shale, another major crisis is looming in the Middle East. Saudi Arabia is facing multiple existential threats as a renewed oil price slump threatens to not only hit the country’s revenues and economic diversification programs but also the already fragile position of Saudi Crown Prince Mohammed bin Salman. Last week, international media reported on the crackdown of two major power brokers inside the Saudi Royal Family. Former Crown Prince Mohammed bin Nayef and Prince Ahmed bin Abdelaziz Al Saud were both arrested in what seems to have been an attempt to counter a possible coup threat within the Saudi Royal Family from which Crown Prince MBS continues to face resistance. The current crackdown comes at a pivotal time for Saudi Arabia’s economy, as the country has been pushing an aggressive economic diversification program to flaunt […]